Property News · June 4, 2019

Hong Kong property deals jump to 22-year high as investors spend US$43.8b in first five months of 2019, but outlook cloudy


Property transactions in Hong Kong in the first five months of the year rose to the highest level since 1997, with buyers splashing out HK$343.7 billion (US$43.8 billion) on homes, car parks, shops and industrial and office units, data from the Land Registry showed on Tuesday.But Ricacorp Properties believes an escalation in the US-China trade war, which saw US President Donald Trump raise tariffs on US$200 billion worth of Chinese goods from 10 per cent to 25 per cent on May 10 and tit-for-tat…

Source : South China Morning Post
Read more…Hong Kong property deals jump to 22-year high as investors spend US.8b in first five months of 2019, but outlook cloudy

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